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The most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 19,100 Current assets $ 11,740 Debt $ 15,820
The most recent financial statements for Bello Co. are shown here:
Income Statement | Balance Sheet | ||||||||||||
Sales | $ | 19,100 | Current assets | $ | 11,740 | Debt | $ | 15,820 | |||||
Costs | 12,960 | Fixed assets | 27,000 | Equity | 22,920 | ||||||||
Taxable income | $ | 6,140 | Total | $ | 38,740 | Total | $ | 38,740 | |||||
Taxes (25%) | 1,535 | ||||||||||||
Net income | $ | 4,605 | |||||||||||
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